Term Life Insurance

Virginia Term Life Insurance

Term Life insurance is a lesser expensive option out of many life insurance products. Term Life provides coverage for a period often ranging between 10 years and 30 years. Once this period elapses then coverage must be re-purchased. If the insured should die in that period, then his/her beneficiary will receive the full coverage amount usually tax-free. If that insured lives up to the specified period there are additional riders that can be attached to the policy allowing the insured to recoup 50% to 100% of the premium he/she has paid for that entire period.

A Virginia term life insurance policy can keep you and your family at ease for a certain term of time. Also referred to as “pure life insurance” a Virginia term life insurance policy is designed to take care of your dependents if you unfortunately pass at a younger age. If the worst should happen within the period of the term specified, your benefits will be paid out. Typically, common coverage terms run for about 20 years but can range anywhere from 1 year to 20 years. Although you should always consult with an agent, the general rule of thumb is to choose a Virginia term life insurance policy that runs for as long as your beneficiaries will be dependent on you. For a term life insurance policy, some of the perks include the choice of policy length, relatively consistent low premiums, and a guaranteed payout amount.

Fortunately, term insurance in Virginia is affordable, simple, and straightforward enough to understand! We make sure to choose a policy that fits you and your family’s needs perfectly. In short, you’re given the opportunity to only pay for what you need – and not what you don’t! It’s also important to be aware that Virginia term life insurance policies have maximum issue ages. If you’re above 75 years old, for example, you may have a harder time getting that sort of term life insurance policy. Note that you may be eligible for level term life insurance and even one year term life insurance. Contact the professionals at National Life Insurance Solutions for all of your questions. National Life Insurance Solutions can help with your Virginia term life insurance policy consultations and more information today!

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